What are the Advantages of Travel Credit Cards?
April 09, 2018
Almost every person has to travel to a new city or country every once in a while. However, for some, this happens more frequently. For instance, some people love exploring new places, while others have to travel because of their jobs. Either way, the travel expenses can be quite high when combined. This is where a travel credit card can help.
What’s a travel credit card?
A travel credit card is just like any other ordinary credit card but with special features and concessions for the travelers. Some of the most popular travel credit cards in India include American Express Platinum Travel credit card, HDFC Bank World credit card, etc.
What are the advantages of a travel credit card?
The following are the biggest advantages of a travel credit card:
- Airline Miles
Airline miles aka frequent flyer miles are a great feature for someone who travels a lot. It’s essentially a loyalty program as per which you earn points for the miles you travel. So, the farther and more frequently you travel, the higher is the number of points you collect.
The travel points you collect can be redeemed for discounts when you buy airline tickets or some other perks.
- No Foreign Transaction Charges
Whenever you use a credit card for some purchase, a certain fee is imposed on the same. However, when you use a credit card in a foreign country which has a different domestic currency, then the transaction charges can be as high as 3% of the transaction amount, which is a lot.
Once again, this is where a travel credit card can come to the rescue. This is because a large number of these offer 0% transaction fee on all your foreign transactions.
- Exclusive Discounts
A lot of travel credit cards are co-branded with a particular airline. So, you can enjoy exclusive discounts when traveling with the same. In addition to that, you can also get discounts for booking rooms in partner hotels, eating out at partner restaurant chains, etc.